Browsing Tag
Prime Trust
7 posts
Prime Trust’s parent company reports $8m loss due to TerraUSD investments
Prime Core Technologies, the parent entity of crypto custodian Prime Trust, reports an $8 million shortfall from TerraUSD…
Prime Trust files for bankruptcy
Cryptocurrency custodian fintech Prime Trust has filed for bankruptcy under Chapter 11 in the US. The company filed…
Prime Trust placed in receivership amid insolvency risks
Prime Trust has been placed in receivership following a Nevada court approval of a petition against it. The…
Nevada regulator petitions for receivership of Prime Trust
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability…
Prime Trust insolvency fears, Nevada regulator issues cease-and-desist order
Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from…
BitGo terminates plans to buy Prime Trust
Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody…
TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs
In a June 10 post on its verified Twitter account, TrueUSD informed its users that the minting of…
